HYSTER-YALE, INC. HY
Hyster-Yale, Inc. ("Hyster-Yale" or the "Company") and its subsidiaries, including its operating companies, Hyster-Yale Materials Handling, Inc. ("HYMH") and Bolzoni S.p.A. ("Bolzoni"), is a globally integrated company offering a full line of high-quality, application-tailored lift trucks and solutions aimed at meeting the specific materials handling needs of its customers. The Company's solutions include attachments, parts, fleet management services, technology and energy solutions. The Company is headquartered in Cleveland, Ohio.
Through HYMH, the Company designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments, parts, fleet management services, technology and energy solutions marketed globally, primarily under the Hyster®, Yale® and Nuvera® brand names, mainly to independent Hyster® and Yale® retail dealerships.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.77B | $4.31B | $4.12B | $3.55B | $3.08B | $2.81B | $3.29B | $3.18B | $2.89B | $2.57B |
| Cost of revenue | $3.14B | $3.41B | $3.33B | $3.11B | $2.71B | $2.35B | $2.75B | $2.68B | $2.38B | $2.14B |
| Gross profit | $632.8M | $895.5M | $785.6M | $433.9M | $363.4M | $465.4M | $541.8M | $497.0M | $502.6M | $427.5M |
| R&D | $137.2M | $135.9M | $119.7M | $100.7M | $108.3M | $100.5M | $115.3M | $110.9M | $104.5M | $107.0M |
| SG&A | $616.5M | $628.1M | $576.9M | $473.0M | $450.1M | $415.5M | $487.9M | $458.2M | $428.5M | $394.6M |
| Total operating expenses | $654.9M | $650.7M | $576.9M | $473.0M | $515.7M | $415.5M | $487.9M | $458.2M | $428.5M | $394.6M |
| Operating income | -$22.1M | $244.8M | $208.7M | -$39.1M | -$152.3M | $49.9M | $53.9M | $38.8M | $74.1M | $32.9M |
| Interest expense | $31.2M | $33.8M | $37.3M | $28.4M | $15.5M | $13.7M | $19.8M | $16.0M | $14.6M | $6.7M |
| Pre-tax income | -$42.9M | $219.0M | $181.0M | -$62.4M | -$154.9M | $42.2M | $47.9M | $36.6M | $93.8M | $38.3M |
| Income tax | $15.1M | $74.8M | $52.9M | $9.2M | $28.3M | $3.7M | $11.3M | $2.3M | $44.9M | $4.0M |
| Net income | -$60.1M | $142.3M | $125.9M | -$74.1M | -$173.0M | $37.1M | $35.8M | $34.7M | $48.6M | $42.8M |
| EPS, basic | -3.40 | 8.16 | 7.35 | -4.38 | -10.29 | 2.21 | 2.15 | 2.10 | 2.95 | 2.61 |
| EPS, diluted | -3.40 | 8.04 | 7.24 | -4.38 | -10.29 | 2.21 | 2.14 | 2.09 | 2.94 | 2.61 |
| Shares, diluted (wtd. avg.) | $17.7M | $17.7M | $17.4M | $16.9M | $16.8M | $16.8M | $16.7M | $16.6M | $16.5M | $16.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $123.2M | $96.6M | $78.8M | $59.0M | $65.5M | $151.4M | $64.6M | $83.7M | $220.1M | $43.2M |
| Receivables | $489.6M | $488.4M | $497.5M | $523.6M | $457.4M | $412.1M | $468.3M | $465.5M | $453.0M | $375.3M |
| Inventory | $634.3M | $754.3M | $815.7M | $799.5M | $781.0M | $509.4M | $559.9M | $533.6M | $411.9M | $352.2M |
| Total current assets | $1.35B | $1.43B | $1.49B | $1.46B | $1.35B | $1.13B | $1.16B | $1.13B | $1.13B | $810.0M |
| Property, plant and equipment | $329.0M | $306.7M | $313.9M | $310.0M | $330.5M | $340.4M | $308.5M | $296.2M | $265.4M | $255.1M |
| Goodwill | $55.7M | $54.6M | $53.3M | $51.3M | $56.5M | $114.7M | $106.7M | $108.3M | $59.1M | $50.7M |
| Other intangibles | $32.3M | $33.1M | $39.3M | $42.7M | $50.7M | $58.5M | $60.1M | $67.7M | $56.1M | $56.2M |
| Total assets | $2.02B | $2.03B | $2.08B | $2.03B | $1.97B | $1.86B | $1.85B | $1.74B | $1.65B | $1.29B |
| Accounts payable | $396.1M | $447.8M | $523.5M | $585.8M | $517.0M | $412.0M | $401.5M | $415.5M | $385.8M | $242.4M |
| Short-term debt | $242.4M | $198.8M | $252.7M | $285.9M | $256.8M | $83.1M | $74.6M | $78.1M | $68.4M | $50.0M |
| Total current liabilities | $1.00B | $1.06B | $1.22B | $1.34B | $1.10B | $755.9M | $817.0M | $776.2M | $692.4M | $576.5M |
| Long-term debt | $473.4M | $241.9M | $241.3M | $267.0M | $261.7M | $206.1M | $204.7M | $210.1M | $216.2M | $82.2M |
| Total liabilities | $1.53B | $1.54B | $1.67B | $1.80B | $1.59B | $1.21B | $1.27B | $1.18B | $1.08B | $816.7M |
| Retained earnings | $289.1M | $374.6M | $256.3M | $152.7M | $248.6M | $443.2M | $427.4M | $407.3M | $389.1M | $360.3M |
| Total equity | $472.0M | $475.1M | $389.9M | $204.4M | $357.1M | $651.1M | $577.0M | $559.5M | $572.4M | $470.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $86.1M | $170.7M | $150.7M | $40.6M | -$253.5M | $166.9M | $76.7M | $67.6M | $164.7M | -$48.9M |
| Depreciation and amortisation | $45.8M | $47.6M | $45.1M | $43.4M | $46.2M | $42.9M | $43.3M | $44.0M | $42.8M | $39.1M |
| Stock-based compensation | $7.5M | $23.6M | $29.3M | $6.4M | $4.0M | $1.3M | $8.2M | $5.7M | $8.8M | $4.9M |
| Capital expenditure | $62.5M | $47.8M | $35.4M | $28.8M | $44.3M | $51.7M | $49.7M | $38.8M | $41.0M | $42.7M |
| Investing cash flow | -$62.7M | -$47.6M | -$34.5M | -$35.4M | -$24.5M | -$43.7M | -$42.0M | -$110.9M | -$47.3M | -$145.1M |
| Financing cash flow | -$800.0K | -$100.1M | -$100.5M | -$10.9M | $193.6M | -$40.6M | -$51.6M | -$87.6M | $53.1M | $77.9M |
| Dividends paid | $25.4M | $24.0M | $22.3M | $21.8M | $21.6M | $21.3M | $21.0M | $20.4M | $19.8M | $19.2M |
| Buybacks | $4.5M | $14.0M | $0 | $0 | — | $100.0K | $200.0K | $600.0K | — | $600.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001173514-26-000049.
Others in SIC 3537
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TEX | TEREX CORP | $7.23B | 19.0x | 5.7% |